Managing goods as they make their way through multiple warehouses and logistics providers is one of the biggest headaches that businesses in the supply chain face. After leaving his job at Careem, Adil Nasar founded a company that sources, manufacturers and distributes lights in Pakistan, and experienced those challenges firsthand. So he teamed up with Raza Kasmi, the former group CFO of one of Pakistan’s largest distribution houses, to found Oware, a network of connected warehouses that let businesses track and manage their shipments from a single portal.
Today the company announced it has raised $3.3 million pre-seed funding from investors including Flexport Fund, Ration Ventures, Seedstars International Ventures, Sketchnote Partners, The Osiris Group, Swiss Founders Fund, Reflect Ventures, +92 Ventures and Walled City Co.
Nisar told TechCrunch that while starting novo, his biggest challenge as a small business owner was finding a reliable fulfillment partner and managing upfront capital costs related to warehousing.
Oware is meant to provide businesses with an affordable and scalable solution to traditional warehouse networks, while ensuring timely deliveries to end customers. Most of its customers are B2B market and retail companies that are looking for backend warehousing and transportation to their last distribution point or dark store.
Oware currently has 18 warehouses in five cities in Pakistan, with a total space of 500,000 square feet. Part of Oware’s funding...
Read Full Story: https://techcrunch.com/2022/04/27/oware-is-streamlining-pakistans-supply-chain/
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